Oracle's Force Majeure Notice on Project Jupiter Is the AI Buildout's First Delay Clause

Oracle's force majeure notice on Project Jupiter, the $165 billion New Mexico data center campus it leases to serve OpenAI, is the first document in the AI buildout that prices the risk of a megawatt arriving late. Bloomberg reported on September 24, 2026 that Oracle sent the notice to the developer, a unit of Blue Owl Capital, to protect its contractual position if the 2.45 gigawatt facility misses its 2028 in-service date. Oracle says the project remains on schedule and that it is fully committed to New Mexico. The stock closed at $139.54 on September 24, down 3.5 percent, and Blue Owl closed at $9.25, down 3.6 percent. This is not a default or an exit. It is a tenant quietly writing the d…